R&D Tax Credits
For many years, the default option for the majority of SMEs has been to claim the R&D tax credit rebate rather than wait for potentially higher relief - will the new 25% corporation tax rate make a difference?
SEIS / EIS
Overview of current government tax reliefs available for ambitious growing UK company including S-EIS, R&D tax credits, Patent Box, EMI share options
R&D Tax Credits
HM Revenue & Customs has introduced a further form that all companies must now complete and file when claiming either the R&D tax credit relief
R&D Tax Credits
A new PAYE cap will be introduced in 2021 to limit payable SME R&D tax credits to £20,000 plus 300% of the company's total PAYE & NIC liability for the period
R&D Tax Credits
Every year, HM Revenue & Customs releases statistics that it maintains on the overall make-up of R&D tax credit claims by number and size of claims, regions and industries. Here we analyse the figures for 2018-19
R&D Tax Credits
On 10 September 2020, HMRC issued their view on how the R&D tax credit relief will be applied to furloughed employees under the Coronavirus Job Retention Scheme (CJRS)
R&D Tax Credits
Software development companies can benefit from the UK Government's R&D tax credit relief incentive but it is often unclear exactly what software activities qualify for R&D tax relief - we explain here
Innovation
Although helping companies navigate and claim R&D tax credits is a core service that we provide, the largest and most robust claims leave clues (hint: its in the culture of innovation within the business)
R&D Tax Credits
Staffing cost are a key cost for many companies claiming R&D tax credits. But there can be some pitfalls and traps for the unwary...
Video Games Tax Relief
Video Games Development companies can benefit from either the Video Games Tax Relief (VGTR) or the R&D tax credit - but the decision which to choose is not quite so straightforward...
R&D Tax Credits
The R&D tax credit scheme is a key driver of innovation funding amongst UK businesses. It is administered by HMRC and is claimed by companies via your company tax return. It is important that you also include the supporting documentation that HMRC expect to see...
R&D Tax Credits
A common problem for R&D tax credit claims is where a director shareholder (who is involved in the R&D work) has structured their remuneration as a low salary and the remainder as dividends.